Sadhana Nitrochem Limited — Others, 13-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Sadhana Nitro Chem has confirmed no deviation in the use of proceeds from its Rights Issue. The company raised Rs. 49.91 crore through this issue, earmarked for financing the acquisition of a 126-acre plot of land and covering issue-related expenses. As of the recent quarter, Rs. 22.17 crore of these funds have been utilized as per the original plan. This update assures investors that the funds are being deployed for their stated purpose, demonstrating financial discipline and transparency regarding shareholder capital.